Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India has increased the daily minimum Cash Reserve Ratio (CRR) maintenance requirement from 90% to 99%, effective 16 October 2026, under Section 42(1) of the RBI Act, 1934. The move aims to enhance liquidity discipline among banks.
The Himachal Pradesh High Court held that admission of a signature on a blank cheque raises a statutory presumption of its lawful issue under Section 139 of the Negotiable Instruments Act. Non-rebuttal leads to conviction.
RBI issues fresh guidance under Master Direction on Risk Management to strengthen foreign exchange risk reserve mechanisms. Focus on market discipline and orderly forex operations amid volatile global conditions.
RBI amends Commercial Banks (Miscellaneous) Directions, 2026 to clarify treatment of deferred option premiums, aligning with forthcoming instructions. Affects hedging and derivative structuring practices in forex and interest rate products.
RBI issues multiple amendment directions in October 2026 to align capital adequacy norms for commercial, payments, small finance, and all-India financial institutions with international standards, particularly on legal opinions and valuation adjustments.
RBI has revised the daily minimum cash reserve ratio (CRR) maintenance requirement, allowing banks to maintain 90% of required CRR daily, with fortnightly average compliance. Aims to ease liquidity management for scheduled banks.
RBI has clarified that authorised dealers must treat cancellation and rebooking of forex derivative contracts as fresh transactions, requiring fresh end-use documentation. This aims to curb circumvention of exchange control norms.
FEMA 1999 regulates foreign exchange in India, empowering RBI to frame rules on capital and current account transactions, with penalties up to thrice the sum involved.
Entities with foreign investments must file FLA returns, FC-GPR, FC-TRS, and LLP reports on the RBI’s FIRMS portal by prescribed deadlines, with Business User registration required.
Indian residents investing in UAE businesses must comply with ODI norms and LRS limits, including net worth caps, AD bank reporting, and UIN requirements.
RBI prohibits rebooking of cancelled INR forex derivative contracts, lowers unhedged position threshold to USD 5 million, and mandates enhanced disclosure by end-users.
The Reserve Bank of India has mandated exporters to file an Electronic Declaration Form (EDF) with designated banks for all export transactions starting October 1, 2026.